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Snap-on 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? Vanguard Institutional Index Fund is the largest fund in the Snap-on plan that publishes its votes. Answer 3 of its ballots from this season, then see your result.
The question on the ballot
As filed
Snap-on 401(k) match and balances, from the filing
- Company money in
- about $1,830 per active participant
- $12m in plan year 2024
- Employees saved
- about $5,820 each
- $38m in plan year 2024
- Average balance
- $106,200
- 9,259 people with a balance
- In the plan
- $983m
- at the end of plan year 2024
Company money is the match plus any other employer contributions, averaged over all 6,599 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.
SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by SNAP-ON INCORPORATED as “SNAP-ON INCORPORATED 401K SAVINGS PLAN” · EIN 390622040, plan number 005 · search the filings
These are the funds in the Snap-on retirement plan whose voting records we can trace, taken from the plan’s own annual filing. The figures show what each one did with shareholder proposals.
SourceThe fund menu is the list of investments in Snap-on’s own annual retirement-plan filing · open the filing
| Fund | Climate | Workers | Pay equity | Exec pay backed |
|---|---|---|---|---|
| Vanguard Institutional Index Fund listed as “Vanguard Institutional Index Fund, Plus” | 0 of 66 | 0 of 20 | 0 of 6 | 97.8% |
| Vanguard Morningstar Growth Index Fund listed as “Vanguard Growth Index Fund” | 0 of 18 | 0 of 9 | 0 of 3 | 94.2% |
| Vanguard Morningstar Mid-Cap Index Fund listed as “Vanguard Mid Cap Index Fund” | 0 of 13 | 0 of 3 | 0 of 2 | 97.6% |
| Vanguard Morningstar Small-Cap Index Fund listed as “Vanguard Small Cap Index Fund” | 0 of 17 | 0 of 2 | 0 of 3 | 96.6% |
| Vanguard FTSE All-World ex-US Index Fund listed as “Vanguard FTSE All World ex-U.S. Index Fund” | 0 of 85 | 0 of 10 | 0 of 3 | 86.3% |
| U.S. Small Cap Value Portfolio listed as “DFA US Small Cap Value Fund” | 0 of 4 | 0 of 1 | 0 of 2 | 79.6% |
| Vanguard Morningstar Value Index Fund listed as “Vanguard Value Index, Inst” | 0 of 44 | 0 of 12 | 0 of 2 | 98.1% |
What this means for you
Most people are in whichever fund their plan made the default, and never look again. The figures above are the part nobody shows you when you pick: not the fee, not last year's return, but what the fund did with the shares your savings paid for.
Vote the full deck for this plan’s fund →
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.